1. Reward & Retain with Simplicity Restricted Executive Bonus Arrangements (REBAs) ©2014 Voya Services Company. All rights reserved. CN0318-16261-0417 1

2. Do not put content on the brand signature area ©2014 Voya Services Company. All rights reserved. CN0318-16261-0417 2 Important Disclosures  The Voya™ Life Companies and their agents and representatives do not give tax or legal advice. This information is general in nature and not comprehensive, the applicable laws change frequently and the strategies suggested may not be suitable for everyone. You should seek advice from your tax and legal advisors regarding your individual situation.  These materials are not intended to and cannot be used to avoid tax penalties, and were prepared to support the promotion or marketing of the matter addressed in this document. The taxpayer should seek advice from an independent tax advisor.  Life insurance products are issued by ReliaStar Life Insurance Company (Minneapolis, MN), ReliaStar Life Insurance Company of New York (Woodbury, NY) and Security Life of Denver Insurance Company (Denver, CO). Within the state of New York, only ReliaStar Life Insurance Company of New York is admitted and its products issued. All are members of the Voya™ family of companies.  All guarantees are based on the financial strength and claims paying ability of the issuing insurance company who is solely responsible for all obligations under its policies.  This description of a REBA arrangement assumes that income taxation is pursuant to IRC Sections 61 and 162 and is not subject to IRC Sections 409A or 83. A REBA may also be subject to ERISA plan requirements. Clients should seek advice from their tax and legal advisors.

3. Do not put content on the brand signature area ©2014 Voya Services Company. All rights reserved. CN0318-16261-0417 3 Introducing the Restricted Executive Bonus Arrangement (REBA)  Simple plan design

4. Do not put content on the brand signature area ©2014 Voya Services Company. All rights reserved. CN0318-16261-0417 4 Introducing the Restricted Executive Bonus Arrangement (REBA)  Simple plan design  Deduction for Employer

5. Do not put content on the brand signature area ©2014 Voya Services Company. All rights reserved. CN0318-16261-0417 5 Introducing the Restricted Executive Bonus Arrangement (REBA)  Simple plan design  Deduction for Employer  Provides “Golden Handcuffs”

6. Do not put content on the brand signature area ©2014 Voya Services Company. All rights reserved. CN0318-16261-0417 6 Introducing the Restricted Executive Bonus Arrangement (REBA)  Simple plan design  Deduction for Employer  Provides “Golden Handcuffs”  May avoid § 409A Rules

7. Do not put content on the brand signature area ©2014 Voya Services Company. All rights reserved. CN0318-16261-0417 7 Introducing the Restricted Executive Bonus Arrangement (REBA) *Loans and withdrawals may generate an income tax liability, reduce available cash value and reduce the death benefit or cause the policy to lapse.  Simple plan design  Deduction for Employer  Provides “Golden Handcuffs”  May avoid § 409A Rules  Flexibility to change timing of loans/withdrawals*

8. Do not put content on the brand signature area ©2014 Voya Services Company. All rights reserved. CN0318-16261-0417 8 Introducing the Restricted Executive Bonus Arrangement (REBA)  Simple plan design  Deduction for Employer  Provides “Golden Handcuffs”  May avoid § 409A Rules  Flexibility to change timing of loans/withdrawals*  Subject to ERISA *Loans and withdrawals may generate an income tax liability, reduce available cash value and reduce the death benefit or cause the policy to lapse.

9. Do not put content on the brand signature area ©2014 Voya Services Company. All rights reserved. CN0318-16261-0417 9  Employer makes taxable payments on cash value life insurance policy owned by executive  Employer and Executive execute restrictive endorsement to policy  Executive uses policy as source of supplemental retirement income after any restrictions have ended ¹  Policy provides executive a death benefit ² ¹ The policy's cash values are available to the executive as a source of supplemental retirement income through loans and withdrawals. Loans and withdrawals may generate an income tax liability, reduce available cash value and reduce the death benefit or cause the policy to lapse. ² Proceeds from an insurance policy are generally income tax free. Restricted Executive Bonus Arrangement (REBA)

10. Do not put content on the brand signature area ©2014 Voya Services Company. All rights reserved. CN0318-16261-0417 10 Restricted Executive Bonus Arrangement (REBA) Beneficiary 3 Cash Value Premium Death Benefit 1 4 3 5 2 Employer Executive IRS Life Insurance Policy Beneficiary Cash Value Premium Death Benefit EmployerExecutive 1

11. Do not put content on the brand signature area ©2014 Voya Services Company. All rights reserved. CN0318-16261-0417 11 Restricted Executive Bonus Arrangement (REBA) Beneficiary 3 Cash Value Premium Death Benefit 1 4 3 5 2 Employer Executive IRS Life Insurance Policy Beneficiary Cash Value Premium Death Benefit EmployerExecutive Voya Life Companies 1 2

12. Do not put content on the brand signature area ©2014 Voya Services Company. All rights reserved. CN0318-16261-0417 12 Restricted Executive Bonus Arrangement (REBA) Beneficiary 3 Cash Value Premium Death Benefit 1 4 3 5 2 Employer Executive IRS Life Insurance Policy Beneficiary Cash Value Premium Death Benefit EmployerExecutive Restrictive Endorsement Voya Life Companies 1 3 2

13. Do not put content on the brand signature area ©2014 Voya Services Company. All rights reserved. CN0318-16261-0417 13 Restricted Executive Bonus Arrangement (REBA) Beneficiary 3 Cash Value Premium Death Benefit 1 4 3 5 2 Employer Executive IRS Life Insurance Policy Beneficiary Cash Value Premium Death Benefit EmployerExecutive Restrictive Endorsement Voya Life Companies 1 3 2 4

14. Do not put content on the brand signature area ©2014 Voya Services Company. All rights reserved. CN0318-16261-0417 14 Restricted Executive Bonus Arrangement (REBA) EmployerExecutive Restrictive Endorsement Voya Life Companies 3 Cash Value Premium Death Benefit 1 4 3 5 2 Employer Executive IRS Life Insurance Policy Beneficiary Cash Value Premium Death Benefit 1 3 2 5 4

15. Do not put content on the brand signature area ©2014 Voya Services Company. All rights reserved. CN0318-16261-0417 15  You may need to accumulate more funds in order to retire  You may also want your family to be secure if you die unexpectedly  It may make sense to accomplish both goals in the same financial tool Potential Advantages  Policy cash values may provide executive with additional funds for retirement  “Golden Handcuffs” for business  Flexibility on timing of payments for executive  Death benefits generally not taxable as income 1  Policy not subject to claims by employer’s creditors Some Disadvantages  Immediate taxation to executive  No cost recovery available to employer  Executive must repay company for any unvested amounts in the event of termination or separation of service 1 Proceeds from an insurance policy are generally income tax free (e.g., absent a transfer for value), and if properly structured, may also be free from estate tax. Restricted Executive Bonus Arrangement (REBA)

16. Do not put content on the brand signature area ©2014 Voya Services Company. All rights reserved. CN0318-16261-0417 16 Summary  Employer gives executive a financial incentive (“golden handcuffs”) to continue employment  Annual premium advances & bonuses are generally income tax-deductible to Employer  Executive has flexibility to determine timing of distributions for supplemental retirement income after restrictions end

17. Do not put content on the brand signature area ©2014 Voya Services Company. All rights reserved. CN0318-16261-0417 17 THANK YOU!